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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: oilfinder who wrote (5587)	11/16/1998 5:06:00 PM
From: Syncrude	Read Replies (2) of 24925

Sorry for budding in, but I hold shares (unfortunately) in Blue Range. It appears that the NAV may be debatable. In last year's annual report, the Company posted total reserves WITHOUT adjusting for probable reserves at 50% as per normal industry practice. They have since changed their reporting. They also had to revise downwards their Central Alberta reserves. I guess they repeatedly disappointed analysts and investors alike. If there is a competing bid in the works, the market sure does not know anything about it. Imagine Blue Range being absorbed by a penny stock company! New release by Blue Range today: newswire.ca

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